Question

sam has an ivestment of 200 that is expected to earn 10%. how much will the investment be worth at the end of the first year if the investment earns simple interest

Answer 1

Answer:

$220

Explanation:

Calculation for How much will the investment be worth at the end of the first year if the investment earns simple interest

Investment worth=$200+(10%*$200)

Investment worth=$200+$20

Investment worth=$220

Therefore How much will the investment be worth at the end of the first year if the investment earns simple interest is $220